Tonight on PBS, Frontline is presenting a show called "The Retirement Gamble". I will be watching for sure. It's a scary time to be contemplating retirement. It is estimated that a couple retiring today will need about $250,000 alone for medical costs in the next 20 years. Congress is threatening Social Security and Medicare. Many people don't know where to turn to ensure their future when the income stops coming in. For years, they told us to invest in stocks; then came the collapse and many thought sticking their savings in the mattress was a better idea. Now that the stock market has recovered, there are articles in which "experts" are saying it's surely headed for another collapse.
Many people approaching retirement age are confused and worried. I guess that's why this program is being presented now. I will be watching.
2 comments:
We're all in this together aren't we - relying on 'experts' who also don't have a lot of control with dips, falls and crises in the market when they offer us advice. As Robert Lois Stevenson once said "Everybody, sooner or later, sits down to a banquet of consequences" - a bit rough to swallow though when the decisions that lead to many of those consequences are/were not of our making!
Very true. I like that quote. All we can do is try our best, and hope for a little bit of luck to go along with our efforts.
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